Precious Metals

iMetal Resources Discovers New Gold Trend as Part of Multiple Gold Zones Intersected at Gowganda West During Fall 2022 Drill Program

iMetal Resources Discovers New Gold Trend as Part of Multiple Gold Zones Intersected at Gowganda West During Fall 2022 Drill Program

iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce the assay results of the fall 2022 drill campaign at Gowganda West ("GW"). GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Limited

A total of seven drill holes were completed for a total meterage of 2611m. All seven holes intersected gold mineralization in multiple intervals. Highlights include:

Hole IMGW-22-01

  • 1.00m at 0.71 grams per tonne gold, ("g/t"), from 397.0 metres

Hole IMGW-22-02

  • 0.80m at 4.6 g/t, from 47.1 metres

Hole IMGW-22-03

  • 6.00m at 0.52 g/t, from 245.5 metres

Hole IMGW-22-05

  • 5.90m at 0.95 g/t, from 161.5 metres

Hole IMGW-22-06

  • 9.00m at 0.75 g/t, from 304.0 metres
  • Including 0.80m at 4.1 g/t

Hole IMGW-22-07

  • 0.80m at 4.1 g/t, from 106.3 metres

The results strongly suggest all previously encountered gold zones at Gowganda West continue along strike and up dip (towards surface), with gold trends now intersected over a strike of at least 1000m. Equally as important, the gold system continues to grow as a new gold trend to the east was discovered, as part of the multiple parallel gold zones encountered. The system is now open along 500m of width, 1000m of strike and 200m of depth. Mineralization continues to show strong similarities to the nearby Juby Deposits (which has a current resource* containing 0.77 Moz Au Indicated and 1.5 Moz Au Inferred).

"All 2022 drill holes intersected gold mineralization, supporting the Company's belief in Gowganda West's potential to host a major gold system," commented iMetal President & CEO Saf Dhillon. "Our location on the doorstep of the Juby deposit presents an exceptional opportunity to drill near-surface, gold-bearing rocks in the Abitibi Greenstone Gold Belt, adjacent to a multi-million-ounce gold deposit."

VP Exploration Scott Zelligan added, "The enhanced geological model resulting from the 2022 program places the Company in an excellent position to target higher grades and the richest portions of the extensive regional gold system. These results bolster the Company's interest in GW and we are planning for additional drilling in 2023. The Company is also preparing work programs for its other Abitibi based projects."

iMetal Resources, Inc., Tuesday, January 17, 2023, Press release picture
Figure 1 - Plan Map of "Zone 1" Area with 2022 Drilling Locations

QA/QC Protocols

iMetal adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses. Drill core will be securely transported to the rented core facility in Larder Lake which has gate only access. Samples will be sawn in half, labelled, placed in sealed, securitized bags and shipped directly to ALS Laboratories in Rouyn-Noranda, Quebec for analysis. ALS Geochemistry Rouyn-Noranda is a Standards Council of Canada (SCC) accredited facility that conforms with both CAN-P-1579 and CAN-P-4E ISO/IEC 17025.

QA/QC control procedures include the systematic insertion of duplicate, blank and certified reference materials (CRM) at regular intervals into the sampling stream. Geochemistry analyses will consist of gold by fire assay and atomic absorption spectrometry (Au-AA26) with overlimit values subsequently analyzed using the gravimetric finish (Au-GRA22) technique. Where elected select samples may be analyzed for multi-element using a four acid/inductively coupled plasma mass spectrometry (ME-MS61) analysis.

The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101.

Drilling Results

Table 1 - Drillhole Locations (UTM NAD83 Zone 17N)

Hole #

Easting

Northing

Azimuth

Dip

IMGW-22-01

503172

5269508

102

-44

IMGW-22-02

502890

5269924

226

-49

IMGW-22-03

502890

5269924

224

-61

IMGW-22-04

502784

5270030

223

-45

IMGW-22-05

502759

5270074

231

-45

IMGW-22-06

502759

5270074

48

-43

IMGW-22-07

502724

5270118

224

-45

Table 2 - Significant Results

Hole #

From

To

Length

Au (g/t)

IMGW-22-01

86.00

87.00

1.00

0.40

IMGW-22-01

397.00

398.00

1.00

0.71

IMGW-22-02

47.10

47.90

0.80

4.56

IMGW-22-02

60.40

61.00

0.60

0.57

IMGW-22-02

217.50

220.00

2.50

0.75

including

218.65

219.20

0.55

2.52

IMGW-22-02

268.40

269.50

1.10

1.01

IMGW-22-02

280.70

283.10

2.40

0.36

including

282.60

283.10

0.50

0.83

IMGW-22-03

26.50

29.50

3.00

0.92

including

27.20

28.00

0.80

2.41

IMGW-22-03

44.50

45.00

0.50

0.64

IMGW-22-03

100.00

100.60

0.60

0.45

IMGW-22-03

245.50

251.50

6.00

0.52

including

247.00

248.50

1.50

1.30

IMGW-22-04

44.50

47.50

3.00

0.89

including

46.00

47.50

1.50

1.45

IMGW-22-04

95.80

107.50

11.70

0.26

including

106.00

107.50

1.50

1.00

IMGW-22-04

224.90

226.00

1.10

1.32

IMGW-22-04

271.00

272.50

1.50

0.92

IMGW-22-05

22.00

23.50

1.50

0.45

IMGW-22-05

44.30

44.90

0.60

0.59

IMGW-22-05

49.00

50.50

1.50

0.43

IMGW-22-05

62.10

62.90

0.80

0.67

IMGW-22-05

161.50

167.40

5.90

0.95

IMGW-22-06

205.00

206.50

1.50

0.63

IMGW-22-06

233.50

236.50

3.00

0.51

IMGW-22-06

268.00

269.50

1.50

1.04

IMGW-22-06

304.00

313.00

9.00

0.75

including

310.00

310.80

0.80

4.13

IMGW-22-07

57.40

60.80

3.40

0.50

including

57.90

58.60

0.70

1.10

IMGW-22-07

71.30

72.30

1.00

0.45

IMGW-22-07

105.70

108.10

2.40

1.63

including

106.30

107.10

0.80

4.10

IMGW-22-07

232.00

236.00

4.00

0.69

including

235.00

236.00

1.00

1.24

About iMetal Resources Inc.

iMetal is a Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. One of its Flagship properties Gowganda West, is an exploration-stage gold project that borders the Juby Project and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 665 hectare Kerrs Gold Deposit comprises a series of gold-bearing pyritized quartz vein replacement breccias with a 2011 historic resource, 90 kilometres ENE of Timmins. The 220 hectare Ghost Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres west of Agnico Eagle's Holt and Holloway Mine Complex.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

iMetal Resources Inc.
info@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.

https://imetalresources.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include results of exploration, variations in results of mineralization, relationships with local communities, market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

SOURCE: iMetal Resources Inc.



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https://www.accesswire.com/735430/iMetal-Resources-Discovers-New-Gold-Trend-as-Part-of-Multiple-Gold-Zones-Intersected-at-Gowganda-West-During-Fall-2022-Drill-Program

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iMetal Resources, Inc., Thursday, December 29, 2022, Press release picture

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Augusta Gold Logo (CNW Group/Augusta Gold Corp.)

Augusta Gold is not aware of any material, undisclosed information related to the Company that would account for the recent decrease in the market price and increase in level of trading volume of its shares of common stock.

The Company further confirms that it has no agreements, paid research relationships or any other marketing arrangements with any parties to provide marketing services to the Company.

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursuing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada . The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/augusta-gold-comments-on-trading-activity-301733953.html

SOURCE Augusta Gold Corp.

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Nevada Sunrise Metals Corporation logo (CNW Group/Nevada Sunrise Gold Corporation)

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About Gemini

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About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

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The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

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FORWARD LOOKING STATEMENTS

This news release may contain forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the exploration plans at our Nevada lithium projects; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays encountered due to pandemic; delays in obtaining governmental approvals, financing, or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Year Ended September 30, 2022 , which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exc hange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nevada Sunrise Gold Corporation

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The Project consists of 227 mining concessions that lie about four kilometers from the historic Christmas mine which recorded production of about 481.6 Mlbs of copper from 20.2 M tons at a grade of 1.2% Cu plus significant gold and silver (Sources: Arizona Geological Society Spring Field Trip Guide in 2014). The Company has not been able to verify the production information and it is not necessarily indicative of the mineralization on the Hot Breccia property. It is believed that the Hot Breccia property may contain high grade skarn mineralization similar to that originally mined at the Christmas mine and the historical information is being used by the Company solely to plan and guide future exploration.

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Currently, the Company has 136,697,345 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 13,669,734 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia).

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